₹10 Lakh SBI Home Loan EMI Interest Rates in 2025

Thinking about a ₹10 lakh home loan EMI SBI? If yes, this guide is for you. Whether you are buying a home, building one or switching your loan to SBI, knowing your EMI is key. Let’s guide you on how to calculate it and everything you need to know!

A ₹10 lakh home loan with SBI helps make your dream home a reality. In this blog, we will cover all you need, from understanding EMIs to tips to successful application! Learn how to use tools like the NoBroker Home Loan Calculator and find out how to apply easily. With this information, you can plan your finances and enjoy a smooth home loan process.

₹10 Lakh SBI Home Loan EMI Details 

Confused about what is the EMI for a ₹10 lakh home loan? When you take a ₹10 lakh home loan, your monthly EMI depends on the interest rate and the loan tenure. The interest rate is charged on the loan amount and accumulated interest. The table below shows the EMI for a ₹10 lakh loan at an 8.50% fixed rate for different loan tenures. 

**Please note we are taking an 8.50% interest rate as that is the starting range of SBI**

Loan Amount	Tenure	EMI Amount
₹10 Lakh	5 Years	₹20517
₹10 Lakh	7 Years	₹15836
₹10 Lakh	10 Years	₹12399
₹10 Lakh	15 Years	₹9847
₹10 Lakh	20 Years	₹8678
₹10 Lakh	25 Years	₹8052

Why Choose an SBI Home Loan?

SBI Home Loans can help you buy a home. They have helped over 30 lakh families get their dream homes. Here’s why you should choose SBI for home loan:

1. Lots of Choices: SBI has many types of home loans. You can choose according to your needs.
2. Daily Interest Calculations: They calculate interest daily, so you pay less.
3. Low Interest Rates: SBI gives low interest rates to keep your EMI small.
4. Overdraft Facility: You can use extra money to repay your loan sooner.
5. Low Fees: SBI charges low fees and has no hidden costs.
6. Big Network: SBI has over 24,000 branches and a large sales team to help you.
7. No Extra Charges for Prepayment: You can pay off your loan early without any fees. 

Types of Home Loans Provided by State Bank Of India (SBI)

SBI offers different types of loans related to homes. This helps to cater for each of your needs. The different home loans offered by the SBI are listed below:

1. General Home Loan for Purchase/Construction/Take Over
2. Home Loan Take Over -Balance Transfer
3. NRI Home Loans
4. Sbi Flexipay Home Loan-Higher eligibility with a step-up moratorium
5. Sbi Privilege: Home Loan for State & Central Govt/PSBs/PSUs employees.
6.  Shaurya Home Loan -For Defence/Navy/Airforce personnel
7. Pre-Approved Home Loan
8. SBI Realty-For Plot Purchase
9. Home Top Up -Personal Loan
10. YONO Insta Home Top Up- Digital offering of Top loan
11. Home Loan to Non-Salaried (Differential Offerings)
12. SBI Tribal Plus

SBI Home Loan Interest Rates - Updated 2025

SBI offers different interest rates for home loans. These rates depend on the type of loan and the loan amount. Here are the interest rates of different home loans:

Home Loans Type	Interest Rate
Home Loan (TL)	Ranges from 8.50-9.65%
Home Loan Maxgain (OD)	Ranges from 8.70-9.85%
Tribal Plus Home Loan	Ranges from 8.60-9.55%
Top-Up Loan	Ranges from 8.80-11.30%
Top-Up Loans (OD)	Ranges from 9.00-9.95%
P-LAP Loan	Ranges from 10.00-11.30%
Reverse Mortgage Loan	11.55%
Yono Insta Home Top-Up Loan	9.35%
**Interest rates depend on your credit score

How to Calculate ₹10 Lakh SBI Home Loan EMI?

You can quickly find the EMI for a ₹10 lakh home loan by using this formula:

EMI= [P*R*(1+R)^N]/[ (1+R)^N-1]

Here’s what the letters mean:

• EMI: Your monthly payment
• P: The loan amount (₹10,00,000)
• R: Monthly interest rate (annual rate divided by 12)
• N: Loan tenure is months (years multiplied by 12)

Using this formula, you can find out how much you will pay every month for your ₹10 lakh SBI home loan. This will help you better plan your money.

SBI Home Loan Calculator for ₹10 lakh EMI

Use an EMI calculator to know your monthly payments for a ₹10 lakh home loan. You can find relatable calculators online, like the SBI Home Loan Calculator and the NoBroker Home Loan Calculator.

Here’s how to use the calculator:

• Loan Amount: Enter ₹10 lakh as the amount you want to borrow
• Interest Rate: Type in the interest rate, for example, 8.50%
• Loan Tenure: Choose how many years you want to repay the loan

The calculator will give you two important numbers. These are:

• Monthly Repayment (EMI): This is how much you need to pay every month
• Total Interest: This shows how much interest you will pay over the loan period

Eligibility Criteria for ₹10 Lakh SBI Home Loan in 2024

To get a ₹10 lakh home loan, you need to meet some rules. Here’s what you need:

• Age: You must be at least 21 and not older than 60 or 65 when the loan ends.
• Income: Your income should be enough to cover the EMI. Usually, your yearly income should be 3 to 4 times the EMI amount.
• Credit Score: You need a good credit score. A score above 750 is best. 
• Job Stability: You should have a stable job. Lenders like it when you have worked there for a long time. 

Documents Required for a ₹10 Lakh SBI Home Loan in 2024

To apply for a ₹10 lakh home loan, you need these papers:

• Proof of Identity: Show a passport, Aadhaar card, PAN card, or driver’s license. 
• Proof of Address: Give utility bills or rental agreements.
• Proof of Income: Show salary slips, income tax returns, or Form 16. 
• Employment Proof: Provide offer letters or employment letters.
• Bank Statements: Share recent bank statements.
• Property Documents: Give sale agreements and title deeds if you have picked a property.
• Photographs: Bring passport-size photos.
• Loan application Form: Fill and sign the lender’s form.
• Investment Proof (if any): Show papers for your investments.

₹10 Lakh Home Loan EMI For 5 Years SBI

Considering a SBI home loan 10 lakh EMI for 5 years term at an 8.50% interest rate? Here’s how to calculate ₹10 lakh loan EMI for 5 years:

EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]

For a 5-year term:

EMI= ₹ [10,00,000 x 0.00708 x (1 + 0.00708)^60] / [(1 + 0.00708)^60 – 1]
EMI ≈ ₹20,517

With a ₹10 lakh loan amount, your monthly EMI would be around ₹20,517 over five years. This results in a total repayment of ₹1,231,020, including ₹231,020 in interest.

Tenure	5 Years
Loan Amount	₹10 Lakh
SBI Home Loan Interest Rate (p.a.)	8.50%
EMI	₹20,517
Total Interest	₹231,020
Total Repayment	₹1,231,020

₹10 Lakh Home Loan EMI For 7 Years SBI

Thinking about a ₹10 lakh home loan with a 7-year at an 8.50% interest rate? Here’s the EMI calculation:

EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]

For a 7-year term:

EMI = ₹ [10,00,000 x 0.00708 x (1 + 0.00708)^84] / [(1 + 0.00708)^84 – 1]

EMI ≈ ₹15,836

For a ₹10 lakh loan amount, your monthly EMI would be about ₹15,836 over seven years. This leads to a total repayment of ₹1,330,224, including ₹330,224 in interest.

Tenure	7 Years
Loan Amount	₹10 Lakh
SBI Home Loan Interest Rate (p.a.)	8.50%
EMI	₹15,836
Total Interest	₹330,224
Total Repayment	₹1,330,224

₹10 Lakh Home Loan EMI For 10 Years SBI

Planning a ₹10 lakh home loan with a 10-year  tenure at an 8.50% interest rate? Here’s the EMI calculation:

EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]

For a 10-year term:

EMI = ₹ [10,00,000 x 0.00708 x (1 + 0.00708)^120] / [(1 + 0.00708)^120 – 1]

EMI ≈ ₹12,399

For a ₹10 lakh loan amount, your monthly EMI would be approximately ₹12,399 over ten years. This results in a total repayment of ₹1,487,880, including ₹487,880 in interest.

Tenure	10 Years
Loan Amount	₹10 Lakh
SBI Home Loan Interest Rate (p.a.)	8.50%
EMI	₹12,399
Total Interest	₹487,880
Total Repayment	₹1,487,880

₹10 Lakh SBI Home Loan EMI For 15 Years

Considering a ₹10 lakh home loan with a 15-year term at an 8.50% interest rate? Here’s the EMI calculation:

EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]

For a 15-year term:
EMI = ₹ [10,00,000 x 0.00708 x (1 + 0.00708)^180] / [(1 + 0.00708)^180 – 1]

EMI ≈ ₹9,847

For a ₹10 lakh loan amount, your monthly EMI would be about ₹9,847 over 15 years. This results in a total repayment of ₹1,772,460, including ₹772,460 in interest. 

Tenure	15 Years
Loan Amount	₹10 Lakh
SBI Home Loan Interest Rate (p.a.)	8.50%
EMI	₹9,847
Total Interest	₹772,460
Total Repayment	₹1,772,460

₹10 Lakh SBI Home Loan EMI For 20 Years

Considering a ₹10 lakh home loan with a 20-year term at an 8.50% interest rate? Here’s the EMI calculation:

EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]

For a 20-year term:

EMI = ₹ [10,00,000 x 0.00708 x (1 + 0.00708)^240] / [(1 + 0.00708)^240 – 1]
EMI ≈ ₹8,678

For a ₹10 lakh loan amount, your monthly EMI would be about ₹8,678 over 20 years. This results in a total repayment of ₹2,082,720, including ₹1,082,720 in interest.  

Tenure	20 Years
Loan Amount	₹10 Lakh
SBI Home Loan Interest Rate (p.a.)	8.50%
EMI	₹8,678
Total Interest	₹1,082,720
Total Repayment	₹2,082,720

₹10 Lakh SBI Home Loan EMI For 25 Years

Planning a ₹10 lakh home loan with a 25-year term at an 8.50% interest rate? Here’s the EMI calculation:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]

For a 25-year term:
EMI = ₹ [10,00,000 x 0.00708 x (1 + 0.00708)^300] / [(1 + 0.00708)^300 – 1]

EMI≈ ₹8,052

For a ₹10 lakh loan amount, your monthly EMI would be about ₹8,052 over 25 years. This results in a total repayment of ₹2,415,600, including ₹1,415,600 in interest.

Tenure	25 Years
Loan Amount	₹10 Lakh
SBI Home Loan Interest Rate (p.a.)	8.50%
EMI	₹8,052
Total Interest	₹1,415,600
Total Repayment	₹2,415,600

Things to Keep in Mind While Applying for a ₹10 Lakh Home Loan from SBI

When applying for a ₹10 lakh home loan from SBI, you must consider some important points. These tips will help you make the right choice and manage your loan well.

• Check Your Credit Score: Make sure your credit score is good. A score above 750 helps you get better loan approval and lower interest rates.
• Know the Eligibility: Ensure you meet SBI’s eligibility criteria. This includes age, nationality and income.
• Assess Your Repayment Capacity: Check if you can repay the loan by looking at your current finances and job stability.
• Calculate EMI: Use an EMI calculator to see what your monthly payments will be for different loan terms. This helps you choose the best plan for your budget.
• Understand Total Costs: Know how much interest you will pay over the loan period. This helps you make a smart borrowing decision.

Do’s and Don’ts for a Successful ₹10 Lakh SBI Home Loan Application

Do’s	Don’ts
Check Your Credit Report: Look for errors and fix them.	Avoid Multiple Applications: Don’t apply to many lenders at once.
Compare Interest Rates: Find the best deal.	Don’t Borrow Too Much: Stick to a budget-friendly EMI.
Consider Extra Costs: Think about registration, insurance, and taxes.	Mind Your Credit History: Don’t ignore your credit history.
Maintain Financial Stability: Have a steady income and job security.	Watch for Hidden Costs: Be aware of extra charges.
Plan for the Future: Be ready for emergencies or financial changes.	Read the Fine Print: Review all loan terms carefully.

These tips will help you easily get a ₹10 lakh home loan from SBI and avoid common mistakes.

How NoBroker Can Help You Get a ₹10 Lakh SBI Home Loan?

Getting a home loan can be overwhelming. NoBroker Home Loan Service makes it easy for you to get an SBI home loan of ₹10 lakh without hassle. Our team helps you at every step, ensuring you get the best deal.

NoBroker compares different loan options and finds the one that suits you best. We help you understand the terms and conditions so there are no surprises later. Our experts assist you in checking your credit score, preparing the necessary documents, and filling out the application.

We know the process can be overwhelming, so we take care of the details. This includes calculating your ₹10 lakh home loan EMI SBI to ensure it fits your budget. We also help you understand any extra costs like registration and insurance so you are fully prepared. 

With NoBroker, you get personalised support and advice, and the loan process is smooth & stress-free. Don’t let the home loan process stop you from buying your dream home. Contact NoBroker today and start your journey toward owning a home with confidence. Get started now with NoBroker and make your dream of owning a home come true!

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